New York (Rochester) Turnkey

Updated: February 7, 2012

Click to learn more about Rochester, NY

Rochester, NY Region, Population: 1,217,193 Rochester is in Northern New York, close to Syracuse. (Map)

Forbes Magazine Names Rochester #1 Place in Country to Buy a Home
Zillow Names Rochester as one of the TOP 10 Places to Invest in 2011
Based on U.S. Census data, Rochester has the most affordable housing among the 52 major markets around the country
Ranked #9 for Best cities to invest in rental homes
The 10 best cities for home buyers
Kiplinger named Rochester the 5th Best City for Families
One of the “Top 10 U.S. Cities to Raise a Family” according to Child Magazine
3rd best metro region in the U.S. for raising a family – Forbes (2010)
Forbes magazine ranked Rochester as one of the top 10 metro areas with the best education opportunities.
Ranked as one of the top 10 places to vacation by Money magazine.
Ranked 2nd in top ten best investment areas by Forbes.

Click here for the Rochester N.Y. Due Diligence Packet

Rochester City NY

A community’s health, vitality and quality of life can be measured by the condition of its properties. Neat neighborhoods and safe, well maintained structures also keep real estate values stable for property owners; attract customers for businesses; and enhance the images of urban based corporations. Rochester’s Certificate of Occupancy (C of O) program requires regularly scheduled and ongoing property maintenance inspections, based on local, state and federal code standards. C of O’s are required to be renewed for any structure that has residential rental dwelling units. One and two family structures are renewed every six years; multiple dwellings units are renewed every three years. Your Rochester house purchase will come complete with this, so you can purchase with confidence! Click here to learn more.

Hollister Street $60,400

**Many Upgrades** New Roof

Interior Paint

4 Bed/2 Bath

Duplex

1702 Sqft

Year: 1880

Occupancy: Yes

Purchase Price: $61,400 ($1000 approx. closing cost)

Rental Income: $1200 (Monthly)

Monthly Expenses:

Property Mgt: $120.00
Property Insurance: $50.00
Taxes: $169.00
Water/Sewer: $27.50
Lawn: $12.50
AFH Admin Fee: $120.00

Yield: 13.70%Items such as income taxes, repairs & vacancy are not included and will affect ROI.

**UNDER CONTRACT**

Maryland St $64,000

6 Bed/2 Bath

Duplex

2572 Sqft

Year:

Occupancy: Yes

Purchase Price: $65,200 ($1200 approx. closing cost)

Rental Income: $1300 (Monthly)

Monthly Expenses:

Property Mgt: $130.00
Property Insurance: $50.00
County Taxes: $47.00
City Taxes: $151.92
Water/Sewer: $33.00
Lawn: $10.00
AFH Admin Fee: $130.00

Yield: 10.15% Items such as income taxes, repairs & vacancy are not included and will affect ROI.

**UNDER CONTRACT**

Roycroft Drive $57,000

4 Bed/2 Bath

Duplex

1824 Sqft

Year: 1920

Occupancy: Yes

Purchase Price: $58,200 ($1200 approx. closing cost)

Rental Income: $1100 (Monthly)

Monthly Expenses:

Property Mgt: $110.00
Property Insurance: $50.00
County Taxes: $44.00
City Taxes: $155.33
Water/Sewer: $33.00
Lawn: $10.00
AFH Admin Fee: $110.00

Yield: 12.11% Items such as income taxes, repairs & vacancy are not included and will affect ROI.

Bernard Street $61,546

5 Bed/2 Bath

Duplex

1593 Sqft

Year: 1900

Occupancy: Yes

Purchase Price: $61,546 ($1000 approx. closing cost)

Rental Income: $1100 (Monthly)

Monthly Expenses:

Property Mgt: $110.00
Property Insurance: $50.00
Taxes: $156.83
Water/Sewer: $27.50
Lawn: $12.50
AFH Admin Fee: $110.00

Yield: 12.34% Items such as income taxes, repairs & vacancy are not included and will affect ROI.

**UNDER CONTRACT**

Lincoln Street $60,900

5 Bed/2 Bath

Duplex

2746 Sqft

Year: 1930

Occupancy: Yes

Purchase Price: $62,100 ($1200 approx. closing cost)

Rental Income: $1100 (Monthly)

Monthly Expenses:

Property Mgt: $110.00
Property Insurance: $50.00
County Taxes: $51.00
City Taxes: $137.92
Water/Sewer: $33.00
Lawn: $10.00
AFH Admin Fee: $110.00

Yield: 11.55% Items such as income taxes, repairs & vacancy are not included and will affect ROI.

HOW TO BUY

From start to finish, this process takes about three weeks, including forming your holding company or LLC.

1. Select a House. Pick a house that appeals to you and fits your budget. Or, if you need help selecting one, please call or contact us. We can provide additional information and pictures. We’re glad to help! Once you have chosen a property, let us know (form below). We will email you a contract and application with and you will need to make a $5000 deposit to reserve the house for you. You have an “option period” (7 day free-look).

2. We Prepare Documents. American Full House will reserve the house. We prepare and email a set of purchase/LLC documents for you to sign and courier back. Based on your application, we open up the LLC bank account with your name. Along with this we have the house professionally inspected to verify it’s condition. We will arrange to have any major repair items (if any) fixed. You will receive an copy of this via email.

3. Make Final Payment. Once the property has passed the independent inspection, you make the balance of the payment and the property is officially yours! The property title and lease is transferred to you/your new LLC and the rents starting coming to you. Every property is purchased with “title insurance” which guarantees that the property of free of any encumbrances, liens, defects, etc.

All properties are subject to availability and are sold on a first-come, first-served basis. If you cancel the transaction, you will owe only actual expenses such as professional property inspection (approx $400) and the one-time LLC formation fee ($1525). However, the LLC can be used for any future purchases. American Full House is assigned a 2% interest in the LLC; this allows us to run the LLC for you and execute contracts on your behalf (with written permission from you). Cash transactions only; we do not have financing available for foreign buyers.

You may also reach us:

+1-512-828-7150 (Office)
+1-512-947-9909 (Mobile | SMS | iMessage | WhatsApp | Viber)

The information presented here is accurate to the best of our knowledge, however occasionally typos, human errors, and others could be present as data is entered in to the spreadsheet. We will verify all items during the closing process. The final closing documents should be used by you to verify accuracy of all information presented.